XML 66 R49.htm IDEA: XBRL DOCUMENT v3.7.0.1
Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment

The following table details certain key financial information for the Partnership’s reportable segments for the three and six months ended June 30, 2017 and 2016:

 

 

 

For the Three Months Ended June 30,

 

 

For the Six Months Ended June 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Total revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Revenue Bond Investments

 

$

11,059,940

 

 

$

8,790,823

 

 

$

21,648,438

 

 

$

17,569,877

 

MF Properties

 

 

3,306,722

 

 

 

4,994,868

 

 

 

7,099,137

 

 

 

10,068,972

 

Public Housing Capital Fund Trust

 

 

719,182

 

 

 

722,990

 

 

 

1,427,968

 

 

 

1,453,892

 

MBS Securities Investments

 

 

-

 

 

 

-

 

 

 

-

 

 

 

48,755

 

Other Investments

 

 

1,148,456

 

 

 

424,440

 

 

 

2,099,145

 

 

 

711,484

 

Total revenues

 

$

16,234,300

 

 

$

14,933,121

 

 

$

32,274,688

 

 

$

29,852,980

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Revenue Bond Investments

 

$

4,938,029

 

 

$

3,391,149

 

 

$

9,509,484

 

 

$

7,175,539

 

MF Properties

 

 

534,245

 

 

 

596,360

 

 

 

1,059,832

 

 

 

1,266,693

 

Public Housing Capital Fund Trust

 

 

369,053

 

 

 

334,545

 

 

 

714,264

 

 

 

635,265

 

MBS Securities Investments

 

 

-

 

 

 

-

 

 

 

-

 

 

 

14,692

 

Other Investments

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Total interest expense

 

$

5,841,327

 

 

$

4,322,054

 

 

$

11,283,580

 

 

$

9,092,189

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Revenue Bond Investments

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

MF Properties

 

 

1,265,335

 

 

 

1,649,891

 

 

 

2,620,566

 

 

 

3,296,122

 

Public Housing Capital Fund Trust

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

MBS Securities Investments

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Other Investments

 

 

 

 

 

 

 

 

 

 

-

 

 

 

-

 

Total depreciation expense

 

$

1,265,335

 

 

$

1,649,891

 

 

$

2,620,566

 

 

$

3,296,122

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Partnership net income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Revenue Bond Investments

 

$

2,592,768

 

 

$

2,220,723

 

 

$

4,821,821

 

 

$

4,251,016

 

MF Properties

 

 

18,047

 

 

 

7,972,322

 

 

 

3,763,592

 

 

 

7,704,519

 

Public Housing Capital Fund Trust

 

 

350,129

 

 

 

388,445

 

 

 

713,704

 

 

 

818,627

 

MBS Securities Investments

 

 

-

 

 

 

-

 

 

 

-

 

 

 

51,984

 

Other Investments

 

 

1,148,456

 

 

 

424,440

 

 

 

2,099,145

 

 

 

711,484

 

Partnership net income

 

$

4,109,400

 

 

$

11,005,930

 

 

$

11,398,262

 

 

$

13,537,630

 

The following table details certain key financial information for the Partnership’s reportable segments at June 30, 2017 and December 31, 2016:

 

 

 

June 30, 2017

 

 

December 31, 2016

 

 

Total assets

 

 

 

 

 

 

 

 

 

Mortgage Revenue Bond Investments

 

$

862,988,147

 

 

$

764,995,675

 

 

MF Properties

 

 

108,015,747

 

 

 

129,895,112

 

 

Public Housing Capital Fund Trust Certificates

 

 

56,097,041

 

 

 

57,461,268

 

 

Other Investments

 

 

47,837,858

 

 

 

34,540,280

 

 

Consolidation/eliminations

 

 

(50,112,025

)

 

 

(42,778,661

)

 

Total assets

 

$

1,024,826,768

 

 

$

944,113,674